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series on george washington, "victory at yorktown" but it's a little over an hour. >> good evening, everyone. my name is john, and i had the honor of being executive director of the ronald reagan presidential foundation, and it's my pleasure to welcome all of you here on this rainy evening. in honor of our men and women in uniform who defend our freedom around the world, if you would please stand and join me for the pledge of allegiance. >> thank you, please be seated. >> before yes, sir. i would like to recognize a few special guests we have with us today but i'd like to begin with a welcome to one of our members of our board of trustees and a former governor of the state of california, pete wilson. governor. [applause] >> also with us tonight is a terrific congressman who is retiring after 26 years of terrific service and his wife. [applause] >> our ventura county supervisor, peter, thank you for coming. [applause] >> now for those of you who are patient enough to go through the book signing line just prior to the event this evening, you know this wonderful woman is here with us
morning washington begins right now. live and in hd, this is "good morning washington," on your side. captioned by the national captioning institute --www.ncicap.org-- >> good morning, washington. it is monday, december 31, new year's eve. cynne simpson has the day off. let's get to jacqui jeras. cold temperatures to finish off 2012. >> it is. it still feels warm and fuzzy after the redskins victory. you're supporting that nice victory tied there, scott. our weather had line for today a pretty decent day overall. the crowds will be on the increase slowly throughout the day. temperatures, we will be at or just above the seasonal averages mid 40's. we have changes on the way, with a light rain and snow max expected for your new year's day. nothing should impact your troubles. our temperatures this morning in the '20s and a few 30's. we have 30 at reagan national. 24 at dulles. 21 in culpeper. our express forecast, looking for the clout to move in. that is the latest on your forecast. we will head over to traffic with steve. >> thank you. let's take a look at 270. checking to see if the
solid reasons to feel totally downbeat. first, i can't believe we're still focusing on this washington thing. for five years we've had to keep one eye on washington, one eye on wall street. i remember whole ten-year stretches i didn't care what was happening down there. at the moment, we can barely focus on anything but washington. the whole u.s. economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship that's been empirically measured to being the worst since 1860, the origins of the civil war. let's hope it doesn't take out that particular benchmark. we're witnessing a titanic struggle between those who are willing to rise above politics, and compromise to cut spending and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who simply refuse to accept tax increases or entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power
. "washington journal" is next. >> it was not a serious proposal. right now we are almost no wear. ♪ host: on the subject of the fiscal cliff, john boehner declares a stalemate. this is the headline in an article from politico. the major sticking points remain the same, congressional democrats want to raise taxes on the highest income earners while keeping the current lower tax rates in place for the middle class. republicans want to extend tax breaks at all levels. good morning and welcome to "washington journal." we are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a l
and congress have left washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with no political decisions by many to politicize the tragedy. here are some of their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry adler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a strong family and how better to protect our schools, the burnable and helpless
that is the debate that is going to rage, especially after that nra presser today in washington. but for this town, for this moment, for this day, it is not about that. it is very important, but it is about the people and the victims and remembering them and commemorating them in beautiful ways just like this one, brooke. >> absolutely, poppy harlow, thank you so much for us in newtown. wasn't thrill a presser the nra gave, a statement, no questions answered afterward. the nra also held a moment of silence at 9:30 this morning today for the 20 children and the 6 adults slaughtered last friday in newtown schoolhouse. but hours later, the nra spelled out its own plan to prevent similar massacres in the future. the message from wayne lapierre, put guns in every school now. >> and does anybody really believe that the next adam lanza isn't planning his attack on a school, he's already identified at this very moment? how many more copycats are waiting in the wings for their moment of fame? the only thing that stops a bad guy with a gun is a good guy with a gun. i call on congress today to act immediatel
was happening down there. at the moment, we can barely focus on anything but washington. the whole u.s. economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship that's been measured to being the worst since 1860, the origins of the civil war. let's hope it doesn't take out that particular benchmark. we're witnessing the titanic struggle between those who are willing to rise above politics, and compromise to cut spending and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who refuse to accept entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power broker grover norquist they would never raise taxes, it certainly seems that the impasse cannot be solved and we got to -- go over the cliff. not only do the hard liners refuse to rise above partisanship in order to avoid a government man-dated recession, which is what it's amounted to
. chief washington correspondent ed henry live in the white house briefing room with the administration latest effort to reach a deal. with a last minute pitch from the president. the president seems to be saying go home for the holidays, take a deep breath. ref lax. come back. get it done. >> good evening, john. high drama here. when the president is leaving for hawaii in 90 minutes from now. first, though, he met at the white house with senator reid and he called the speaker boehner and came out on the podium behind me. he laid out three-point plan that he thinks can pass if ten days. extend tax cut for 98% of the public. extend unemployment benefit for 2 million people. come back to deal with spending cut and deficit reduction. he said that was achievable by january 1 to avoid the cliff. after last night, unclear whether anything can pass. >> just as the economy is really starting to recover, and we're starting to see optimistic signs. we have seen, actually, some up-side statistics from a range of areas clouding housing, now is not the time for more self-inflicted wounds. certainly
on washington, jefferson, madison and i had written on patrick henry, james monroe, john hancock. so i pulled out john f. kennedy's pulitzer prize-winning book, profiles in courage and daring chapter one was john quincy adams. so i thought his name begins begins with a comma on the season chapter one. but i was not the reason. john kennedy himself a war hero had listed these characters in order of the degree of coverage and he placed john quincy adams first among the most courageous senators and congressmen in american has terry. he was not just the sixth president of the united states. he was a congressman as well for 16 years and a senator for four. most americans don't realize he was a congressman. many don't even know he was president. >> well, you're going to change that. >> yes. he was this enormously courageous congressmen, the first congressman to stand up and call for emancipation before linking even knew how to spell the word. >> will get back to institution in a moment. a friend of mine who is a lawyer said to mean the other day, i read two biographies of john quincy adams. here's
hours to go. the music says it best perhaps. washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor earlier today. >>
lunch." we have three major news conferences in washington, d.c. president obama will nominate senator john kerry to be his next secretary of state. harry reid will be on the senate floor and house minority leader nancy pelosi will discuss the cliff crisis. with plan b history, washington is scrambling to get a deal done. the markets however are decidedly worried. dow jones has been down triple digits almost all session. we are off our worst lefs, down about 174 point a few moments ago. down 152 on the dow. 17 to the minus side and nasdaq is off almost 40. let's go to washington where john har wood is standing by with the latest on the fiscal cliff follies. john? >> all follies so far, sue. we had house speaker john boehner come out today and have a news conference explaining the failure of his plan b last night which stunned a lot of people because both boehner and eric cantor majority leader said they were confident they had the most to pass it. what he said today at a news conference is that there were members who had a perception which he said was incorrect. it would raise taxes. t
washington with more on the stalemate. tahman? >> reporter: john and paula, good morning. tension is growing here in washington, after weekend talks failed to lead to a deal. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all weekend, with the hope of passing legislation to protect most people from a massive tax hike. >> our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly. >> reporter: there was optimism about deal over the weekend, when the republican leader in the senate, mitch mcconnell, made an offer. that ended when harry reid said he could not present a counterproposal. in a hail mary, mcconnell phoned for help. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to know, i'm willing to get this done. but i need a dance partner.
sequestration of the states. "washington >> mr. president, i rise with real heavy starter. our friend dan just died. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] [captioned by the national captioning institute --www.ncicap.org--] >> a democrat of hawaii, a highly decorated wofford war two combat veteran and the second longest senator in history died on monday. the senate passed a resolution naming patrick leahy as new president pro temps, the third in line to the presidency. good morning, everyone, on this tuesday, december 18, 2012, as senators say goodbye to their longtime colleague yesterday, they will be welcoming a new senator from the state of south carolina. and tim scott has been tapped to replace jim demint. and the papers reporting progress being made about the so-called fiscal cliff talk. first, we return to the tragedy to discuss mental health issue in this country. what should be the role of the federal and state government if any in mental health? also send us a tweet, twitter.com c-spanwj or facebook .com/c-span
boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you so much. one of the tax breaks due to expire n
to speak. if washington get together, it will be nice to see. shibani and ashley, this is the most unproductive congress sent 1947. ashley: that is not easy to do. shibani: there is a lot going on this year. i am shibani joshi. ashley: and i and ashley webster. fiscal cliff talks are stalling. tax hikes and spending cuts. president obama said to speak in about 30 minutes from now. shibani: stocks are holding their ground. waiting for some sort of news out of washington. the dow sitting at session highs. at least we are closing. ashley: it changes with every headline. the world ringing in the new year. new zealand, australia, japan, china, we will get a sneak preview of celebrations being planned as times square gets prepared for 1 million visitors. it is a complete nightmare. [ laughter ] ashley: time now for stocks now as we do every 15 minutes. we are up 51 points. not too bad on this last trading day of the year. >> that is right. the dow has been pretty flat. going back and forth between the red and green. the nasdaq is up 30. same goes for the s&p stock of about nine points. w
tens of billions of dollars in more washington spending in a deal supposedly to cut the deficit. and most outrageous of all, it gives the president of the united states unilateral power to raise the limit on the federal credit card, the so-called debt ceiling, whenever he wants or as much as he wants. and while i'm flattered the administration has taken to calling this the -- quote -- "mcconnell provision" they seemed to have forgotten how this worked in the budget control act. we gave the president the authority then to request a debt ceiling increase, but that was only after the white house agreed to $2 trillion in cuts to washington spending and agreed to be bound by the timing and amount set by congress. this time the request is for the president to have the ability to raise the debt ceiling whenever he wants for as much as he wants with no fiscal responsibility or spending cuts attached. this is an idea opposed by democrats and republicans alike. it's a power grab that has no support here. and so it's not only completely dishonest, it's juvenile to compare it to last year's
: chris joining us from philadelphia, democrats' line with representative rick larsen from washington state. caller: thank you, c-span, for what you provide the american people. i find this whole situation ironic. the fiscal cliff scares me personally -- and i think president obama certainly has shown his willingness to compromise whereas the republicans and tea party do not seem to want to do so. this ideology they are sticking to will ruin our economy and i find it hypocritical because their chief criticism of the president during the presidential campaign was his mismanagement of our economy and they are willing to mismanage our economy down the drain on some principal. it does not seem they care about the american people. they care about the part of the american people, the rich, that is what seems like to me and i am sick of it. i used to be republican and i switched party about, i guess eight or 10 years ago. which has something to do with philadelphia politics as well because you cannot have much say in philadelphia politics unless you are democrat but that is beside the point.
, based on what we know right now about the various details of what they're talking about in washington, you've liked stocks anyway. is this framework they're talking about a green light to buy stocks for you? >> it is. yes. we were pretty optimistic going into 2013. this just improves the outlook. >> in what way? how? >> well, i think some finality around where taxes are going to be is going to be very, very helpful. we can manage around the different tax rates in terms of capital gains issues and whatnot within portfolio locations. so knowing what those rates are going to be in managing around that will be helpful. stocks right now attractive from a valuation standpoint. i think it'll be a good 2013. >> brad fredelander, you have been skeptical of the market. does this deal help, do you think? >> well, it's certainly good news. i think -- i do have some concern that the market es at this point are in more fiscal harmony than the discord we've been seeing. we still have within six to eight weeks the debt limit issues as well. so i think there are going to be some hurdles early in the y
many days and nights alone as i have tried to come up here and change things in washington. she's often reminded me or questioned how i thought i could change the world, when i couldn't even mow the grass. but she has been a supporter and certainly so important, as i left my children who were still in school and i began serving in the house, kept them on the right track. and i particularly want to thank them. all of you who served here know that when we sign up for public life we also sign our families up for public life. in a lot of ways it makes their lives much more difficult. so i want to thank my children, my wife, debbie, and family for putting up with this and being such a support. i also have to thank the people of south carolina who have entrusted me with this job in the senate for the last eight years and in the house six years before that. all of you know who served for your states. as you've traveled around and met people, toured businesses and spoken to groups, it really creates a deep love and appreciation for people back home. i look at what we're making in south carolina
the fiscal cliff. not just yet. they have not come to a solution in washington. that is front and center. we are also seeing a flock to the area that are safe. the dollar is higher. gold is higher. we are also -- there is a look at the dow jones one week. last friday we close that 13,135. we are still actually of about 30 points for the week. that is if we were to close right here. for right now, certainly, read on the screen because there is so much concern about washington. melissa: thank you so much. many believe the speaker in the senate, but it did notie -@even make it through the house last night. i next asked is not confident it will happen within the next year. >> we will see what the president says. after what has happened this week, it is not clear what the way forward is. it is more likely than not that we will grow into january without a deal. melissa: what does that really mean for the economy? >> it is to businesses to decide when they change their holdings. there is some spending programs that will be extended. they are uncertain about the outlook. there are a variety of ways
finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning signs that there was an imminent attack coming. there wasn't a specific threat, but a lot of attacks on other western targets that should have been a clue that there was deteriorating security situation and
on the domestic front. here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is the denver post -- open phones before the first 30 minutes. we have a short show because the house is coming in at 9:00. steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be unlimited in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should just passed tax cuts for the middle class americans and then fight later on for spending cuts and increasing taxes for the wealthy? caller: the tax cut for the general population is great. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spendin
increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pesi sys we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of the house unveiling -- on dealing with the fiscal crisis one more time. >> in my homes across america ad is a very, very lean time. you cannot cut your way to deficit reduction. lou: today said minority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary of reducing spending. >> the european communitynow is concerned about all the austerity. there are many, many things you can do to reduce debt but still have a stimulus aspect of the economy. >> that -- u: the senate's top democrat believes we should return to europe for inspiration and guidance for fisc
it. the kemp history has collected much of the story, but "the washington post" saved by sharon alaska -- i got incredibly distracted by all of the cool stuff. i come upon these stories. one is from july 25, 1981. about president reagan going on to the hill to pitch his bill. the next is from july 30, 1981. this feels kind of awkward. there are two stories here. both of them have dad's picture on the front. the second expands the story of how the legislation passed. some of you know the history better than me, but asked legislation is not always pretty. and this country when we have public servants like paul ryan and marco rubio and like president obama, both democrats and republicans who are serving us, it is incumbent upon us to come beside them and support them as bike everything else. we make them better when we make our views clear. you must do that. this tells a story of the way great legislation impacts not only the country, but the world. i'm sure there is a lot more to the story. senator rubio, this is not only an award to you for your great work, but also to remind you
of a resolution, but right now the comments that we got a couple of minutes ago out of washington does not really help the situation. >> so what's the strategy, jonathan? what's the strategy given the comments that we just heard. >> not knowing what taxes will be like next year, i agree with what you said before earlier. you have to take some of the profits off the table, pear down some of your risk and exposure and hold on to ones that you think in the locker term will have performing gains. >> joining us late, the comments we're talking about came from senate majority leader harry reid who said he does not expect a deal before christmas, and he also said if the republicans are expecting the democrats to come up with a list of spending cuts they want, it's not going to happen. they are expecting the republicans to come forward with that first. those are the comments that we've been talking about. carol roth, you're the one that's been identifying those financial planners who are telling their clients sell those winners, and to hang on to the losers here. >> right. this is completely backwards to
't want taxes to go up. but we only run the house, democrats continue to run washington. >> gregg: national correspondent steve centanni joins us live from washington. >> reporter: d.c. may be some shutting down for christmas but the clock hasn't stopped and fiscal cliff is closer than ever. no deal was reached this week to keep taxes from going up. joan boehner pulled plug on the plan "b" and he says it is now up to the president and g.o.p. is continuing to hammer away at president obama. >> this is the year size of our debt surpassed the our economy. a grim milestone if we don't come to grips to w it. the president's plan to raise tax rates ko could still be as far as eye could see. >> reporter: president obama will return after christmas and work on fiscal issues. he believes a comprehensive deal could be reached but he seems to be acknowledging for scaled back plan for cutting taxes on the middle-class. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agree that tax rat
into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing in the plus column with a gain of six points, and the s&p 500 up about eight points, one-half of 1% at 1433. closing in on the fiscal cliff deadline still with no deal in sight, let's find out how you should be investing in the face of the fiscal cliff fiasco. we want to dig deeper into the nyc/i.c.e. deal as well announced today, that it means for you and the global exchanges. gentlemen, welcome. thanks soechg for joining us. >> thanks. >> thanks for having me. >> let me kick this off with you in terms of the fiscal cliff. give me your strategy, deal or no deal? >> i think there will be a deal. this plan "b" that wehner has actually -- waiting to see if it actually makes it to the congress for a vote is actually a big deal because if he gets it through c
boehner. >> john boehner is a washington lifer and was not the obvious choice to be leading this sort of tea party crafts. nonetheless you can see the tea party phenomenon for the trade -- freight train that it was an elected to be on the train rather than underneath it. speaker boehner campaigned heavily for a number of the tea party freshman andy also you know believe that this presented the republicans and indeed america with a great opportunity. his belief for example was that this would be a perfect run for entitlement reform. if you are are going after entitlement reform ideally you have the bipartisanship specifically at democratic president so they could not walk away from it. and so, he believed that he could leverage the deep conservatism of the tea party. but he has failed to do so and the tea party freshman with whom i have spent a great deal of time and i have spent time with an awful lot of them, liked him personally and found him admirable in the way is a genial ceo but certainly not as there are real leader. that has been implicitly clear throughout the 112 congress. e
wallace, talks to avert the fiscal cliff st washington debates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual awakening. we'll discuss the sandy hook massacre and the meaning of christmas. with pastor rick warren. >>> plus, a change at the state department. as the benghazi report is finally released. we'll ask our sunday panel about the nomination of john kerry to replace hillary clinton. and, where the investigation of a terror attack that killed four americans goes now. and, our power player of the week, continues in holiday tradition, to show respect for veterans. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. at christmas, people who arnauty get coal in their stock and if the
't but i suspect we'll have some last minute, slap dash, terrible washington style deal that won't do anything. this fiscal cliff doesn't solve o long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talkun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us.merry . good night from new york. neil: so the world did not end so far. but is that any excuse for unions to make it more difficult that we're alive? well come everybody, i'm neil cavuto. maybe the mayans should have joined a union. not only would they have survived but their fear-mongering agenda would have as well. mayans are gone and unions, though weaken ver
tonight from washington. >> pelley: good evening. as bank slogans go they don't come any worse than this: the preferred financial institution of drug cartels and money launders. that is a quote today in a u.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800 million for mexican drug cartels and covered up illegal transactions for burma, iran, sudan, cuba, and libya. those nations were under banking sanctions because of human rights atrocities, terrorism, or, in iran's case, a nuclear program. the british bank will pay $1.9 billion to the u.s. government, the largest such fine in history. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way to act as a financial clearing house for international pariahs and drug dealers. h
. ? in washington, closed door meetings with the president and john boehner. >>> in the midwest, the fiscal cliff is the latest thing on people's minds as the first blizzard of the winter brings the region to a halt, highways closed and scores of flights canceled. that story is just ahead. >>> first, let's get to the news live at 5:30 here at "30 rock" in new york city. well, we begin with the new urgency in the fiscal cliff negotiations with now just 21 days, three weeks to reach a deal. today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a gr
, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg aboutssage about the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 most
goldfarb to take questions about text extenders at 8:30 eastern. "washington journal" is next. ♪ host: we will spend about two hours this morning on the "washington journal" talking about the fiscal cliff. we want to start off hearing from you on a different topic. what do you think about hillary clinton's future and her running for president in 2016? that is our question this morning on the "washington journal." you can start dialing in now, or you can contact us via social media. you can make a comment on our facebook page. you can also send us an e-mail. from "the hill" newspaper yesterday -- a new poll by abc news and "the washington post." 57% say they support a presidential bid from every clinton in 2016. -- from hillary clinton in 2016. 68% approved of her work as secretary of state. 66% hold a favorable view of clinton after her department has faced criticism over the handling of benghazi and libya. clinton also has heavy support in new york were 54% of registered voters say they would support a presidential bid by her in 2016. that is an "the hill" newspaper. we hav
birthday to get a horse. she adored them. >>> another big story out of washington where there's been huge movement in the fiscal cliff wrangling with 14 days left to go before huge across-the-board tax hikes. overnight we learned that president obama made an eye-opening new offer in talks with house speaker john boehner. under this new proposal, tax rates would go up on incomes above $400,000. for years the president has campaigned that that number should start at $250,000. he's also offering some new spending cuts to go along with this. speaker boehner's latest proposal called for the tax hikes to kick in at $1 million. cnn's dan lothian is in washington with the latest on this. dan, it really does look like there is some movement. >> it does. this movement came during a meeting the president had with speaker john boehner yesterday at the white house. that meeting lasted for 45 minutes. it was the third time they had met in the past eight days. you're right, it is pretty dramatic because the president for years now had been holding steadfast to that $250,000 threshold, saying that the bu
." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place. with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth right now. and if i were a major league team, i would pass on josh hamilton in a new york second because the guy phoned it in when his team needed him the most. there's an attitude problem. and yet he could be such a huge payoff. are the red
the cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports fro
will come here to washington and ask us to help them out from their bad decisions. i hope at that time that we can show by pointing at these states and these right ideas that we know the solutions at the state level and that we also know that we can change how we think here at the federal level and make our country work a lot better. i i leave here with a lot of respect for my colleagues. i know my democrat colleagues believe with conviction their ideas. and i know my republican colleagues do too. but i hope we can look at the facts. i hope we can look at the real world. i hope we can look at what's working and set aside the politics and realize what really makes this country great and strong is when we move dollars and decisions out of washington back to people and communities and to states, that it works. not for 2% but for 100% of americans. i feel like our customers in the senate, at the heritage foundation, or wherever we go, are 100% of americans who these ideas can work for to build a better future and a stronger america. and i'm not leaving the fight. i hope to raise my game at
. >> that's true. >> yes. >> scarborough, commanding george washington. >> washingtonesque. >> tall. >> yes. >> dignity. >> same, 6'4", same thing, yeah. >> so clearly, it's mika brzezinski. >> really? >> when i left, they're still clapping. >> really? >> renaissance woman. >> is it the alcohol? >> i think it's more of the slaves, actually. >> the what? >> nothing. i didn't say anything. >> gotcha. >> you missed that. >> i did. >> the you're the jeffersonian. >> the art of power. the art of navigating power. >> with that, let's go to the most jeffersonian figure for the news. >> all right. we begin this morning with new urgency in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying tha
at 9:15, more about the role of social security. ♪ host: good morning. welcome to "washington journal" on this wednesday, december 12, 2012. negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax
of oil. we'll drill down on the answers. >>> plus, more talk and no walk in washington. shocker there. both side insist we need to stop spending. not that they're cutting a single penny from a single government program. fox news's bret baier with the real cost of spending. >>> we all love a good hamburger, right? but is that pesky wrapper keep getting in your way? one fast-food chain may have solved the problem for good. they're making the wrapper edible. you have to see this one to believe it, trust me. even when they say it's not it is always about money. melissa: first, let's take a look at the day's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. >>> research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shar
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
matthews in washington. let me start tonight with this. when a party loses an election, the knives come out. right now we're watching the night of the long knives on the right. these stories breaking tonight. right wing senator jim demint, the man behind too many failed right wing senate challengers, christine "i'm not a witch" o'donnell, richard mourdock announced today he's quitting the senate to run the hard right heritage foundation. meanwhile, in the republican house a purge is under way with speaker boehner dumping uncontrollable right wingers from prize committee assignments. they're out because they're too right. so what is too right for the republicans following the defeat this week or their defeat last month? is voting nay in the senate against a handicap rights treaty because it carries the nightmare dread of blue helmets riding black helicopters sweeping into your home school room. is that okay? what's out? what's in in the republican party that just took a licking? bob shrum is a democratic strategist and columnist at the daily beast, and john brabender ran rick santorum's pres
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